Over the past year, George Kurian has sold a total of 59,825 shares of NetApp Inc and has not made any purchases of the stock. The company's insider transaction history reveals a pattern of 33 insider sells and no insider buys over the same period.
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I believe certain C-suite staff is required to sell at specific periods, and its probably being done by his accountant. This isn't really how insider trading works. You wouldn't be able to see it so easily like you can with members of Congress. Unfortunately, they're going to play poker with the lives of the peons until it stops being profitable and customers seriously cry. Profit on paper is not the insulation of innovation and a product that people can truly like, but once you're embedded in certain environments and contracts it becomes difficult to reverse the tides. We are behind in a lot of ways and subjected to the movements of much larger fish. We used to stand on our own, but the players in the upper right quadrant area of the k-shaped economy basically tell us when to jump. It may not be gaining value like you think, but its the inflation coupled with the cuts that gets the attention of the old white guys' monies. These days its all about those Benjamins, right? They make fancy brochures for the AI timeshares and I dont think there are any more "free" boats to give away with the purchases. Kenny Rogers knows the flood is coming. Probably soon after the midterms.
@1st doesn't it come to you also. If you are an employee and have RSU and ESPPs, assume you had 1000 stocks in RSU and ESPP in the past 2 months stock has gone up from 160 to 230 which means if RIFs caused the stock to go up then by virtue of having 1000 stocks you would be richer by 60k. See where the money is going now.
When they fire 1/3 of your team and expect you to pick up the slack, just remember where all that money they're saving is actually going.
So, the stock is up another 12 points today and up 25 points in a week. Had he waited for a week he could have made another cool 1.5 million.
Not sure what you are exactly getting at. so if insiders had not sold the stock would have gone up another 10 or 20 points more.
And? What CEO doesn't do this?
@ag I thought the same thing during the all hands regarding the trip to Paris, but I didn’t realize she was selling that much stock every month.
That is crazy
@ag these sessions are just postering to be able to increase the RTO next fiscal. “I traveled the world, and what I found was that our leaders are creating more impact in the offices, therefore we’re increasing the RTO to 4 days!”
$100k a month buys a lot of ugly pantsuits.
No purchases because they are selling off RSUs. Free stock just pay the tax.
My favorite is good OLD Beth, selling $100k - $200k every single month ever since she got promoted. And she had the audacity to brag about an all expenses paid trip to Paris just to do a 30 minute "listening session" meeting.